Page 33 - KELAG Annual Report 2019
P. 33
The company implemented an extensive investment programme in the financial year 2019. The Group invested
EUR 142.3m, not including company acquisitions or changes in the consolidated group, in property, plant and equipment
and intangible assets (for example, electricity purchase rights). Investments in property, plant and equipment focused on
power plant projects in Austria and other countries and distribution grid facilities. EUR 31.4m was invested in the area of
power production in Austria. EUR 65.0m was spent on distribution grid facilities. A further EUR 18.6m was attributable to
the Heat and key accounts segment and EUR 10.9m to Misc. Outside Austria, KELAG invested EUR 16.4m in the
construction of hydroelectric projects in Montenegro and Kosovo as well as in a wind power project in Croatia.
Intangible assets 13.7 10.3
Property, plant and equipment 128.6 107.2
TOTAL 142.3 117.5
The company spent around EUR 30.4m on maintenance in the financial year 2019, which is included in various expense
items in the income statement.
Production facilities, Austria 5.6 4.9
Grids 14.8 15.2
Heat 6.6 4.8
Other 3.4 4.2
TOTAL 30.4 29.1
